Used in pharmaceutical research as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of drugs targeting neurological disorders, including Parkinson's disease and depression, due to its structural properties that influence receptor binding. Additionally, it is utilized in organic synthesis to create complex molecules for medicinal chemistry studies, particularly in the design of chiral compounds. Its application extends to the production of enantiomerically pure substances, which are critical in the development of more effective and safer therapeutic agents.